Media, Hospitals Top Groups Since November

Since stocks bottomed in mid-November, which industries have flourished the most in the market today?

A scan of the top performers within IBD's 197 industry groups (see Page B11 for full table) in terms of 13-week price change certainly reflect institutional hunger for cyclical stocks.

That's not all. Some groups seem to be benefiting from the ever-changing landscape of America's governance in health care, consumer technology and commodity markets. Media-Radio/TV, with 23 stocks, is one of the leaders, up 45% as a group over the past 13 weeks.

Radio and TV?

Yes. More people are watching and listening to more content on their desktop computers, laptops, smartphones and iPads. This can only mean more advertising and licensing revenue opportunities for the suppliers of programming.

Few of the 23 stocks, however, qualify as true market leaders. Only three host a Composite Rating of 90 or higher, trade at least 400,000 shares a day, and are priced 10 a share or more: Nexstar Broadcasting (NXST) of Irving, Texas; Sinclair Broadcasting Group (SBGI) of Hunt Valley, Md.; and Lin TV (TVL) of Providence, R.I.

All three are extended from base breakout points. At this juncture, they can be monitored for potential secondary entry points or the creation of new bases.

Sinclair, featured at the top of Friday's Your Weekly Review, has produced explosive profit growth lately — up 89%, 61%, 50% and 157% in the past four quarters. But 2013 earnings per share are seen falling 29% to $1.29.

Four stocks in the Leisure-Movies & Related group — up 32% since mid-November — also show strong ratings and stock action. Discovery Communications (DISCA), AMC Networks (AMCX), Cinemark (CNK) and Imax (IMAX) are the group's leaders. AMC is seeing upside resistance near 60. It cleared a nine-week flat base at 55.48.

Oil and Gas-Refining, Medical-Hospitals, Commercial Services-Leasing, Machinery-Material Handling/Automation and Finance-Investment Bank/Brokers are also outperforming with 13-week gains of 25% or more.

Since stocks bottomed in mid-November, which industries have flourished the most in the market today?

A scan of the top performers within IBD's 197 industry groups (see Page B11 for full table) in terms of 13-week price change certainly reflect institutional hunger for cyclical stocks.

That's not all. Some groups seem to be benefiting from the ever-changing landscape of America's governance in health care, consumer technology and commodity markets. Media-Radio/TV, with 23 stocks, is one of the leaders, up 45% as a group over the past 13 weeks.

Radio and TV?

Yes. More people are watching and listening to more content on their desktop computers, laptops, smartphones and iPads. This can only mean more advertising and licensing revenue opportunities for the suppliers of programming.

Few of the 23 stocks, however, qualify as true market leaders. Only three host a Composite Rating of 90 or higher, trade at least 400,000 shares a day, and are priced 10 a share or more: Nexstar Broadcasting (NXST) of Irving, Texas; Sinclair Broadcasting Group (SBGI) of Hunt Valley, Md.; and Lin TV (TVL) of Providence, R.I.

All three are extended from base breakout points. At this juncture, they can be monitored for potential secondary entry points or the creation of new bases.

Sinclair, featured at the top of Friday's Your Weekly Review, has produced explosive profit growth lately — up 89%, 61%, 50% and 157% in the past four quarters. But 2013 earnings per share are seen falling 29% to $1.29.

Four stocks in the Leisure-Movies & Related group — up 32% since mid-November — also show strong ratings and stock action. Discovery Communications (DISCA), AMC Networks (AMCX), Cinemark (CNK) and Imax (IMAX) are the group's leaders. AMC is seeing upside resistance near 60. It cleared a nine-week flat base at 55.48.

Oil and Gas-Refining, Medical-Hospitals, Commercial Services-Leasing, Machinery-Material Handling/Automation and Finance-Investment Bank/Brokers are also outperforming with 13-week gains of 25% or more.

See Also

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